The Dollar has now “indeed” swung high and is now making its way towards it’s “next” daily low.
Dollar Swung High
Friday made for a great entries but today will work for you as well.
With USD rolling over this early in the daily cycle we’ve got days to go here so get on you Short shorts! USD headed lower throughout this week.
“It worked for me” – zzzz u been going on about shorting yen since 112. Easy to trade in hindsight champion. No details re your entry or stop. Would have more respect for you if u admitted when u called it wrong rather than claiming all your wins
Huh…
Well sorry for that…you’re a day late so it’s certainly not too late for you to jump on a trade or two.
It’s a free blog Josh. I do the best I can to keep people up to date but certainly can’t be responsible for “every turn” of the market. It’s been a tough reversal and it’s taken longer than expected so…not much I can do about that.
Chin up my friend. You’ll do fine.
And no “win” here as of yet so….let’s see how we fair over the next few days.
Josh, Kong said he was in cash, and waiting “for the turn”, he described the conditions to look for…..He posted a few times saying patience not quite ready yet…..
I have learned much by reading this blog, and appreciate this primate very much!
Watch AUD/JPY up here at 84.40
I’m getting “under it” and placing a few orders lower than current price in order to catch momentum “IF” we turn lower ( get it? ).
I get picked up if she falls lower….I DONT enter the trade if she moves higher.
Short around 84.20 for the first order.
Thanks for the defence Tank. I hope that Josh can still find a reason er two to stick around.
So u expecting audjpy to fall hard from here?
In this instance Peter unfortunately…..I can’t say “hard”.
The level suggests a turn here, and a turn in AUD/JPY is also indication of a larger turn in “risk appetite” so….I assume a decent trade “if indeed” this thing pulls back ( as I have anticipated mid May ).
It’s a tough turn all the way around this time as….Im not seeing “everything” lined up for a major move. Markets are generally trading flat so correlations are tough too.
Im NOT buying gold here. I’m not shorting U.S Equities here. I am playing a quick few trades short USD…and even at that! USD is late in it’s intermediate type cycle and this “may” be the lowest low” we get for some time.
After this trade….I imagine I will be switching it up – getting long “risk” and possibly even USD come June.
Hey Josh… lol. Instead of feed off tips, aftermath critical whacks and expect others to earn your respect. Why don’t u step up + publicize your predictions. Kong is pro trader who works on best analysis, he owe u no shit. Favor pls… don’t hunt for tips….
Again thanks for the support gang.
Josh will come around as you’ve “said it all”.
I do find it ironic and quite amazing how total strangers over the Internet come to “expect” something from me as opposed to “appreciating” what I can provide.
This is a thankless task ladies and gentlemen. I post as I can. I hope to help others “as I can” but wow……I certainly won’t be posting/ timing / providing every single entry / squiggle at a moments notice let alone be held accountable. Gees!
Kong,
I view the market totally different after finding this gorilla in the mist of alot of bullshit. If you could extrapolate on the cycles you reference or recommend some reading material.
Thanks ?
Markets move in cycles. Periods of time between significant highs and lows in a daily sense, as well as larger cycles that move weekly, yearly etc..
Identifying these cycle lengths takes time and practice, as each asset has it’s own. The stock market for example is usually somewhere around 45 days. Cycles can be identified as “right translated or left translated” depending on how far into the cycle price “peaks”. This in turn can give you insight into “the next cycle” as likely generating a higher high or a lower low.
It’s been so long now…I just do it intuitively but you’ve got me thinking…I should track down a decent resource for everyone as cycles add an excellent timing mechanism to your trading.
Let me see what I can dig up.